EOG Resources, Inc. (NYSE:EOG - Get Free Report) CEO Ezra Yacob sold 35,942 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the transaction, the chief executive officer directly owned 242,451 shares of the company's stock, valued at $36,876,797.10. The trade was a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
EOG Resources Price Performance
Shares of EOG Resources stock opened at $146.90 on Wednesday. The firm has a market cap of $77.05 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 0.56 and a beta of 0.25. The firm's 50-day simple moving average is $139.41 and its 200-day simple moving average is $135.70. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $153.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85.
EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. The firm had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company's quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.32 earnings per share. As a group, research analysts expect that EOG Resources, Inc. will post 16.87 EPS for the current fiscal year.
EOG Resources Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, October 16th. EOG Resources's dividend payout ratio is currently 31.75%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on EOG shares. Barclays set a $147.00 target price on shares of EOG Resources and gave the stock an "equal weight" rating in a report on Monday, August 17th. Susquehanna restated a "positive" rating and issued a $170.00 price target (up from $166.00) on shares of EOG Resources in a research report on Tuesday, July 21st. Jefferies Financial Group reaffirmed a "buy" rating and set a $175.00 price objective (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $148.00 to $142.00 and set a "neutral" rating for the company in a report on Tuesday, June 30th. Finally, Morgan Stanley set a $157.00 target price on shares of EOG Resources and gave the company an "equal weight" rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $156.22.
View Our Latest Stock Analysis on EOG Resources
Institutional Investors Weigh In On EOG Resources
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EOG. Sivia Capital Partners LLC acquired a new stake in shares of EOG Resources in the 2nd quarter valued at $258,000. Quantbot Technologies LP acquired a new stake in EOG Resources in the second quarter worth about $349,000. Gamco Investors INC. ET AL raised its holdings in EOG Resources by 216.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company's stock worth $785,000 after purchasing an additional 4,485 shares during the last quarter. NewEdge Advisors LLC raised its holdings in EOG Resources by 2.0% during the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company's stock worth $2,725,000 after purchasing an additional 444 shares during the last quarter. Finally, Sei Investments Co. lifted its position in EOG Resources by 4.4% during the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company's stock valued at $43,356,000 after purchasing an additional 15,250 shares during the period. Institutional investors and hedge funds own 89.91% of the company's stock.
EOG Resources Company Profile
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Get Free Report)
EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).
As an upstream-focused company, EOG's core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.
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